Are you looking to invest your money and earn attractive returns? Look no further than Xtra, the peer-to-peer investing platform offered by MobiKwik. With Xtra, you can lend directly to creditworthy borrowers and earn up to 12%* per annum, all while enjoying a hassle-free investing experience.
Xtra is an RBI-regulated platform, offered by MobiKwik, that allows you to invest in a variety of creditworthy borrowers. You can start investing with just Rs. 1000 and go up to Rs. 10 lakhs. If you want to invest more than Rs. 10 lakhs, simply reach out to our team and we’ll help you out. And best of all, Xtra does not charge any investment fee or commission for deposits or withdrawals.
If you’ve already completed KYC with MobiKwik, you can begin investing with Xtra right away without any extra documentation. And if you haven’t completed KYC, all you need to do is perform PAN and Aadhar-based KYC to get started.
When it comes to withdrawing your investment, there are no fees or charges to worry about. However, it’s important to note that as per RBI guidelines for P2P-NBFCs, all P2P investments are unsecured and cannot be backed by collateral. While MobiKwik and its RBI-regulated partners follow best-in-industry risk assessment practices to minimize risk for investors, returns are not guaranteed.
Overall, Xtra is an excellent option for anyone looking to invest their money and earn attractive returns. With its hassle-free investing experience, attractive returns, and RBI-regulated platform, Xtra is a top choice for investors. So why wait? Start investing with Xtra today and watch your money grow!
MobiKwik Xtra – How to earn 12% Interest ?
- First of all, you need to install or update MobiKwik app by clicking the link given below.
- You need to ensure that you have a verified MobiKwik account. Then, log in using your mobile number and OTP.
- Once you’ve logged in, open the MobiKwik app and click on the MobiKwik Xtra button.
- Click on the “Get Started” button to set up your MobiKwik Xtra account.
- You will be asked to enter a referral code, so click on the “Have a Referral Code” button and enter the given MobiKwik Xtra referral code. Click on “Apply Now” to proceed.
Refer Code – C3SXNE
- Next, select the Flexi option and double-check that the referral code has been applied.
- Select Flexi again and invest ₹5000. Click on the “Invest Now” button.
- Choose the IMPS/NEFT/RTGS payment option and proceed with payment.
- You will receive payment details. Copy them carefully.
- Navigate to the PayTM Payment Bank and select bank transfer. Enter all the necessary details and proceed.
- Copy the payment reference number and paste it in the MobiKwik Xtra app to verify your transaction.
- Your payment will be processed and added to your MobiKwik Xtra account within 30 minutes.
MobiKwik Xtra FAQ
What is Xtra in MobiKwik?
Xtra in MobiKwik is an investment option that allows you to earn up to 12% p.a. by lending money directly to creditworthy borrowers through a peer-to-peer investing platform called Lendbox.
Is investing in MobiKwik Xtra safe?
MobiKwik Xtra follows best-in-industry risk assessment practices and is regulated by the RBI, making it a relatively safe investment option. However, like all investments, there is a certain level of risk involved.
What are the benefits of MobiKwik Xtra?
Some benefits of MobiKwik Xtra include no investment fees or commissions, a low minimum investment of Rs. 1000, and the potential to earn higher returns than traditional savings accounts. Additionally, you can start investing with minimal documentation if you have already completed KYC with MobiKwik.
MobiKwik Xtra Refer & Earn
Earn 10% Extra Monthly
- Share your referral code of link with your friends.
- Once they apply referral code, invest 5K and stay invested for 7 days. You will get 100 cashback.
- You also get 10% of their daily earnings credited to your wallet every 5th of the month
Terms & Conditions
- Cashback will be credited to users only referred during the offer period.
- You are eligible to receive Rs 100 cashback for referral offers only if and when your friend uses the Xtra referral link or inputs the referral code, successfully invests atleast ₹5000 in Xtra Flexi and stays invested for atleast 7 days. Cashback per successful referral will be ₹100
- You are eligible to receive additional 10% of your friend’s interest earnings only if and when, he users Xtra referral link or inputs the referral code, successfully invests atleast Rs. 5000 in Xtra Flexi and starts earning interest on his investments.
- This additional cashback of 10% of friend’s interest earnings will be accumulated and credited on 5th of every month.
- Cashback received by the users can be used for recharges, bill payments and payments on MobiKwik partner platforms/ stores.
- Cashback received during the offer duration cannot be withdrawn to any linked bank account or transferred to other customers.
- Any Refer & Earn cashback related queries should be raised within 30 days, post a successful transaction.
- You are eligible for this offer only if your friend invests in Xtra for the very first time.
- Only the installs/Xtra investments facilitated via the shared link/referral code (within 7 days of mapping) will be considered eligible for cashback.
- Offer applicable on MobiKwik ‘s latest Android & iOS app.
- MobiKwik reserves the right to end any or all the offers at its sole discretion without any prior notice.
- MobiKwik reserves the right to deny cashback for suspected fraud cases. Fraud is not limited to, but includes cases where you and your friends use the same device, payment instrument or network parameters.
- To participate in a MobiKwik offer, you must agree to the above mentioned offer terms and conditions and all applicable users terms and conditions available on MobiKwik.
- Referred friends who withdraw funds within the first 7 days of investment, won’t be eligible for referral cashback of Rs. 100. However, you will be eligible to earn 10% of your friend’s interest earnings for referral cashback
- Referred friends who invest in Xtra Plus product will not be eligible for the referral cashback.
- A successful referral is when the friend joins from the referral link, makes their first ever Xtra investment for min amount of ₹5000 in Xtra Flexi, does KYC (required for cashback) & stays invested for atleast 7 days without withdrawing funds.
General terms and conditions
- Referred friends must make their first ever Xtra investments & stay invested for atleast 7 days without withdrawing
- Referred friends must complete their first ever Xtra investment within 7 days of signing up on MobiKwik using the referral link/ referral code, or else the referral mapping will expire. On mapping expiry, your friend can be referred by another user and you will not be eligible for the cashback
- You must complete your KYC to be able to receive cashback in your MobiKwik wallet
- The investment made by the friend needs to be Xtra Flexi product only. Investments in Xtra Plus will not be eligible for the referral cashback.